Filing Details
- Accession Number:
- 0001415889-24-027527
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-11-22 16:30:22
- Reporting Period:
- 2024-11-20
- Accepted Time:
- 2024-11-22 16:30:22
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1855747 | Blend Labs Inc. | BLND | Services-Computer Programming, Data Processing, Etc. (7370) | 455211045 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1974022 | Winnie Ling | 7250 Redwood Blvd., Suite 300 Novato CA 94945 | Head Of Legal And People | No | No | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Acquisiton | 2024-11-20 | 25,000 | $0.00 | 259,169 | No | 4 | M | Direct | |
| Class A Common Stock | Acquisiton | 2024-11-20 | 50,000 | $0.00 | 309,169 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2024-11-20 | 38,288 | $4.97 | 270,881 | No | 4 | F | Direct | |
| Class A Common Stock | Disposition | 2024-11-21 | 5,000 | $5.07 | 265,881 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Restricted Stock Units | Disposition | 2024-11-20 | 25,000 | $0.00 | 25,000 | $0.00 |
| Class A Common Stock | Restricted Stock Units | Disposition | 2024-11-20 | 50,000 | $0.00 | 50,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 25,000 | No | 4 | M | Direct | ||
| 150,000 | No | 4 | M | Direct |
Footnotes
- Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of BLND Class A Common Stock.
- Shares were withheld to cover tax obligations in connection with the vesting of RSUs.
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 7, 2024.
- This sale price represents the weighted average sale price of the shares sold ranging from $4.94 to $5.13 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
- The RSUs will vest in equal quarterly increments over a two year period, subject to the Reporting Person continuing to be a Service Provider through each such date.
Billionaire Hedge Funds
